Despite continued pressure on bank profit margins,analysts expect the big four to post relatively resilient earnings over the next two weeks.
Consumers have been struggling with high inflation,interest rates and tax for months – but there are signs the pressure on shoppers is moderating.
Bank margins will continue to dwindle in the first half of this financial year,analysts say,as customers move their savings into higher-interest offerings.
The bosses of major banks have backed calls for federal elections to be held every four years instead of three to provide more certainty for business.
Australia’s elite boards are still littered with time-served directors who are part of an entitlement club of similarly minded seat warmers.
More than 1400 bank branches have closed in Australia since 2017. But there are key reasons why it’s important for banks to maintain their physical presence.
Commonwealth Bank’s market valuation has broken through $200 billion for the first time,as investor hopes of interest rate cuts sparked a rally in bank shares and lifted the market to a record high.
Bankwest will disappear from WA streets by October as the Commonwealth Bank-owned brand closes 45 branches and switches to servicing its customers by digital means only.
Hutchison’s Sports Entertainment Group said it had struck a new deal in February with the Commonwealth Bank.
CBA chief executive Matt Comyn said late payments likely to tick up as customers faced cost-of-living pressures. The bank’s shares fell as its profit declined.
Unless within the privacy of their own homes our politicians are always on public show. It goes with the job.